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Capital structure management

The capital structure management seeks to safeguard the ongoing business operations, to ensure flexible access to capital markets and to secure adequate funding at a competitive rate. Capital structure management in Valmet comprises both equity and total debt. As of December 31, 2016 the ‘Total equity’ was EUR 886 million (EUR 860 million) and the amount of ‘Total debt’ was EUR 310 million (EUR 371 million).

Valmet has not disclosed any long-term financial ratio for its capital structure. However, the objective of Valmet is to maintain strong capital structure in order to secure customers, investors, creditors and market confidence. The capital structure is assessed regularly by the Board of Directors and managed operationally by the Treasury. Loan facility agreements include customary covenants and Valmet is in clear compliance with the covenants at the balance sheet date. Valmet has no credit rating at December 31, 2016.

Updated; Mar 2, 2017